Archer Daniels Midland (NYSE:ADM) Price Target Raised to $77.00
by Sarita Garza · The Markets DailyArcher Daniels Midland (NYSE:ADM – Free Report) had its price target increased by Barclays from $68.00 to $77.00 in a research report released on Wednesday,Benzinga reports. They currently have an equal weight rating on the stock.
A number of other brokerages also recently issued reports on ADM. BMO Capital Markets reaffirmed a “market perform” rating and issued a $63.00 price objective on shares of Archer Daniels Midland in a research report on Wednesday, February 4th. Weiss Ratings restated a “hold (c)” rating on shares of Archer Daniels Midland in a research note on Wednesday, January 21st. JPMorgan Chase & Co. upped their price target on Archer Daniels Midland from $61.00 to $65.00 and gave the stock an “underweight” rating in a research report on Tuesday, March 24th. UBS Group reiterated a “buy” rating on shares of Archer Daniels Midland in a report on Monday, December 15th. Finally, Morgan Stanley cut Archer Daniels Midland from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $57.00 to $50.00 in a research report on Tuesday, December 16th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $59.86.
View Our Latest Stock Report on ADM
Archer Daniels Midland Stock Up 0.0%
Shares of NYSE ADM opened at $73.86 on Wednesday. Archer Daniels Midland has a 12-month low of $40.98 and a 12-month high of $74.19. The stock’s fifty day simple moving average is $69.14 and its two-hundred day simple moving average is $63.49. The stock has a market capitalization of $35.59 billion, a PE ratio of 33.27, a price-to-earnings-growth ratio of 0.90 and a beta of 0.65. The company has a current ratio of 1.37, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.
Archer Daniels Midland (NYSE:ADM – Get Free Report) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.07. Archer Daniels Midland had a return on equity of 7.39% and a net margin of 1.34%.The firm had revenue of $18.56 billion during the quarter, compared to analysts’ expectations of $21.03 billion. During the same period in the prior year, the business posted $1.14 EPS. The firm’s quarterly revenue was down 13.7% on a year-over-year basis. Archer Daniels Midland has set its FY 2026 guidance at 3.600-4.250 EPS. As a group, analysts expect that Archer Daniels Midland will post 4.31 EPS for the current fiscal year.
Archer Daniels Midland Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 17th were given a dividend of $0.52 per share. This is an increase from Archer Daniels Midland’s previous quarterly dividend of $0.51. This represents a $2.08 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, February 17th. Archer Daniels Midland’s dividend payout ratio (DPR) is currently 93.69%.
Insiders Place Their Bets
In other news, SVP Ian R. Pinner sold 34,106 shares of the stock in a transaction that occurred on Friday, March 13th. The stock was sold at an average price of $71.53, for a total transaction of $2,439,602.18. Following the transaction, the senior vice president owned 90,676 shares in the company, valued at $6,486,054.28. This trade represents a 27.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Gregory A. Morris sold 50,000 shares of Archer Daniels Midland stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $68.48, for a total transaction of $3,424,000.00. Following the completion of the sale, the senior vice president directly owned 300,122 shares in the company, valued at $20,552,354.56. This represents a 14.28% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 109,106 shares of company stock valued at $7,539,602 in the last three months. 1.20% of the stock is currently owned by company insiders.
Institutional Trading of Archer Daniels Midland
Several institutional investors have recently modified their holdings of ADM. Vanguard Group Inc. boosted its holdings in Archer Daniels Midland by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 59,180,117 shares of the company’s stock worth $3,402,265,000 after buying an additional 536,265 shares during the last quarter. State Street Corp boosted its stake in shares of Archer Daniels Midland by 0.7% in the second quarter. State Street Corp now owns 34,617,404 shares of the company’s stock worth $1,827,107,000 after acquiring an additional 223,716 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Archer Daniels Midland by 2.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 18,829,140 shares of the company’s stock worth $1,082,487,000 after purchasing an additional 449,815 shares in the last quarter. Dodge & Cox increased its position in shares of Archer Daniels Midland by 13.4% during the fourth quarter. Dodge & Cox now owns 17,084,645 shares of the company’s stock worth $982,196,000 after purchasing an additional 2,016,101 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Archer Daniels Midland by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 12,628,065 shares of the company’s stock valued at $723,175,000 after purchasing an additional 109,556 shares during the last quarter. Institutional investors and hedge funds own 78.28% of the company’s stock.
Archer Daniels Midland Company Profile
Archer Daniels Midland Company (ADM) is a global agricultural processor and food-ingredient provider that sources, transports and processes oilseeds, corn, wheat and other agricultural commodities. The company operates large-scale crushing, refining and processing facilities that produce vegetable oils, protein meals, corn sweeteners, starches, ethanol, animal feeds and a wide range of food and industrial ingredients. ADM also develops specialty ingredients and solutions for human and animal nutrition, food and beverage formulation, and industrial applications such as bio-based materials and renewable fuels.
ADM’s business combines commodity origination and merchandising with downstream manufacturing and ingredient formulation.